Yaron Brook joins me to discuss Francisco's money speech by Ayn Rand, the concept of value for value, the vicious cycle of looting, and the link between money, property rights, and morality.
Yaron Brook is an entrepreneur, writer, and public intellectual. He is the current chairman of the board at the Ayn Rand Institute. He is also the co-founder of BHZ Capital Management LP.
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Twitter: https://twitter.com/yaronbrook
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// OUTLINE //
00:00:00 - Coming up
00:00:42 - Intro
00:02:15 - Helping Lightning Startups with In Wolf's Clothing
00:03:01 - Introducing Yaron Brook
00:03:29 - Francisco's Money Speech by Ayn Rand
00:06:48 - Libertarian Philosophy and Austrian Economics
00:11:30 - Who Inspired Ayn Rand?
00:14:02 - How Everything Began with Ayn Rand
00:16:09 - Who is Francisco d'Anconia?
00:17:19 - Money: Trading Value for Value
00:25:55 - Money Gains Value through Production
00:29:19 - Importance of Proof of Work
00:31:18 - Money, Energy, and Morality
00:38:53 - Run Your Business from Anywhere with NetSuite
00:39:58 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet
00:41:08 - Money and Property Rights
00:43:00 - Creating Values and Earning Money
00:49:37 - Risk, Reward, and Time in Capitalism
00:51:13 - Importance of Making Stealing Unprofitable
00:54:46 - Wanting Something for Nothing
00:57:10 - The Vicious Cycle of Looting
01:01:37 - The Marxist Mantra
01:03:31 - Enhance Your Brain Power with Mind Lab Pro
01:04:37 - Take Control of Your Healthcare with CrowdHealth
01:05:44 - Degree of Productiveness and Reward
01:09:17 - Innovation is a Product of Freedom
01:10:27 - From Win-Loss to Loss-Loss
01:14:29 - Morality of Lying
01:18:56 - Ayn Rand's View of Morality
01:20:22 - The Problem with Fiat Money
01:26:37 - The Founding Principles of America
01:31:53 - Other Work by Ayn Rand
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